UK to introduce 'highly secure' one-pound coin


  • Business
  • Wednesday, 19 Mar 2014

The 12-sided

LONDON: Britain plans to replace its one-pound coin in 2017 with "the most secure coin in circulation in the world" as it cracks down on fake currency, the finance ministry said on Wednesday.

"The Royal Mint estimates that about 3% of all one-pound coins, or 45 million, are now forgeries. In some parts of the UK, it is as high as 6%."

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